Business News Northeast - Latest Business Northeast News & Updates

05 May

Apple iPhone sales increased by one and a half percent, CEO Tim Cook said thanks to Indian customers

editor0 CommentsEconomy, Business, India

Releasing the results of the quarter on April 1, Apple has achieved better growth in its revenue than expected. The shares of the company have also increased by 2 percent. The company told that the sale of the iPhone has increased to Rs 419100 crore. American tech giant Apple on Thursday gave information about revenue and profit for the April 1 quarter. The company said that these figures have come better than expected. According to the market value, the share prices of Apple, America's largest company, have increased by 2 percent. The gross profit margin will be better Apple officials…

05 May

Himalaya Wellness Company launches Campaign for Himalaya Ashvagandha on stress Management

Business Bureau0 CommentsBusiness

In the wake of rising stress levels, Himalaya Wellness Company, one of India’s leading wellness brands, launched the campaign “Ab Stress Nahi, De-stress Kijiye” to raise awareness about the impact of unaddressed stress, while focusing on natural ways to handle multiple stressors in life. The campaign highlights the stress triggers of modern lifestyle and emphasizes the role of Himalaya Ashvagandhain in minimizing stress and bringing calm to chaotic stress. It focuses on three individuals from diverse backgrounds who struggle to cope with stress. The doctor emphasizes the benefits of Himalaya Ashvagandha, an adaptogenic herb that has been used for centuries…

05 May

TKM witnesses good demand consistently across its portfolio

Business Bureau0 CommentsBusiness

Toyota Kirloskar Motor (TKM) registered sales of 14,162 domestic units in the month of April, 2023. The company also exported 1,348 units of The Urban Cruiser Hyryder this month, thus clocking a total of 15, 510 units. While there were no exports in the corresponding period last year, TKM had registered domestic sales of 15,086 units in April 2022. The company undertook a week long maintenance shutdown from April 24-28, 2023 for the upkeep of machinery and equipment to sustain operational efficiencies, productivity and safety. TKM posted a 26% increase in domestic sales in the first four months of 2023,…

05 May

IDFC FirstBank Records Highest Profit After Tax

Business Bureau0 CommentsBusiness

The Board of Directors of IDFC FIRST Bank, in its meeting held approved the audited financial results for the quarter and financial year ended March 31, 2023. The key highlights were: Profit after Tax increased to Rs. 2,437 crore for FY 23, up from Rs. 145 crores in FY 22. Q4-FY23 was at Rs. 803 crore, up 134% as compared to Q4-FY22. Customer deposits were at Rs. 1,36,812 crore, up 47% YOY. Loans & Advances were at Rs. 1,60,599 crore, up 24% YOY. Asset quality improved with Gross NPA at 2.51% and Net NPA at 0.86%. Capital adequacy was strong…

05 May

SAT test to provide scholarships to meritorious aspirants

Business Bureau0 CommentsBusiness

Physics Wallah (PW) has launched the Second Edition of its Scholarship Admission Test (SAT) to provide up to 90% scholarships to avail quality coaching and guidance at Vidyapeethcentres to meritorious JEE/NEET aspirants of Class 8th-12th and droppers. PW plans to offer 160 cr worth of scholarships in an impending academic year, and the PW SAT will be conducted online every day till the 14th of May, and offline on the 7th and 14th of May. The online/offline exam covers Maths, Science, and Mental Ability for classes VIII-XII, with PCM/PCB included for classes XI and XII. Students can take the test…

05 May

Roundtable summit marks a significant milestone for the NER states

Business Bureau0 CommentsBusiness

The Government of Mizoram organized a Roundtable Session in association with the Ministry of Development of North Eastern Region, FICCI (the Knowledge Partner), EY (the Knowledge Partner), and Invest India. The Roundtable is part of a series of multi-city Investors Roundtable Programs organized in the run-up to the Northeast Global Investors Summit which is planned to be held in New Delhi later this year. Shri Zoramthanga, Chief Minister of Mizoram, was the Chief Guest at the Roundtable who interacted with Government officials from the State and MDoNER, regarding opportunities across sectors. Other senior officials present included Shri H. Rammawi, Esther…

05 May

Nissan Motor registered domestic wholesales of 2617 units

Business Bureau0 CommentsBusiness

Nissan Motor India Pvt. Ltd. (NMIPL) has announced wholesales of 3249 units for the month of April 2023. Domestic wholesales stood at 2617 units, while export wholesales stood at 632 units.Nissan Motor India had recently announced YTD sales growth of 23% for FY 2022-23, with YOY March growth of 8% for domestic sales and now 24% in April 2023 with the growth momentum continuing into the next fiscal year 2023-24. Nissan operates on a PHYGITAL distribution approach to meet the evolving needs of customers. In April 2023, Nissan increased its customer touchpoints with the addition of two showrooms and workshops…

05 May

Tata Power reported Q4 net profit at Rs939 crore, up 48%

Priyanka Bhowmick0 CommentsBusiness, IndiaIndia

Tata Power on Thursday jumped 48 percent to Rs 939 crore in its fourth quarter (Q4) profit for the financial year 2022-23 (FY23), compared to Rs 632 crore in the same period last year. The company said it would be the 14th consecutive quarter of profit after tax (PAT) hikes, adding that Q4 numbers are backed by strong performance in all businesses. Q4 FY23 revenue grew 6 percent to Rs 12,755 crore from Rs 12,085 crore in Q4 FY23 due to higher sales among distribution companies and capacity additions in renewable energy. In Q4, EBITDA (income before interest, tax, depreciation,…

05 May

Tata Motors registered total sales of 69,599 vehicles in April 2023

Business Bureau0 CommentsBusiness

Tata Motors Limited sales in the domestic and international markets for April 2023 stood at 69,599 vehicles, compared to 72,468 units during April 2022. Total Domestic Sales decreased by -4% from April 2022 to April 2023 Commercial Vehicles performance are as follows: Growth of HCV Trucks is -6% in April 2023. Sales ILMCV Trucks decreased by -62% from April 2022 to April 2023. Passenger carriers experienced a -4% decrease in growth in April 2023. SCV cargo and pickup growth decreased -30% from April 2022 to April 2023. Domestic growth decreased by -28% in April 2023. Category growth increased by 3%…

04 May

Go first cancels all flights till May 9, promises full refund

Business Correspondent0 CommentsBusiness

Go first on Thursday said, "We regret to inform that due to operational reasons , Go First flights scheduled till 9th May 2023 have been cancelled." "We apologise for the inconvenience caused by the flight cancellations. A full refund will be issued to the original mode of payment shortly", it further said.